1501 Muskoka Road 169, Gravenhurst (Wood (Gravenhurst)) - Business for Sale
1501 Muskoka Road 169, Gravenhurst (Wood (Gravenhurst)), Ontario, P1P1R2
Description
Pine Grove Cottages presents a unique opportunity to acquire an established waterfront commercial property offering approximately 460 feet of west-facing shoreline on Pine Lake, eight fully self-contained guest cottages and an owner's residence, all just minutes from Gravenhurst. Set on approximately 1.68 acres, the property features a sand beach, natural rock outcroppings, beautiful southwest exposure and convenient year-round access from Muskoka Road 169. The eight guest cottages are positioned throughout the property, many enjoying views over the lake. All buildings are in various states of repair and the property is being offered with the expectation that a new owner will undertake updating and improvements. Zoned Commercial Waterfront (CW-8) with site-specific provisions recognizing the existing buildings and uses, the property provides an established framework for continued commercial waterfront use. With substantial shoreline, an existing accommodation business, excellent access and close proximity to Gravenhurst, Pine Grove Cottages offers significant upside for an energetic new owner with the vision and resources to revitalize the property and capitalize on an increasingly difficult-to-find Muskoka waterfront commercial opportunity. (id:66096)
Property Details
- MLS®
- X13603170
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- CW-8
- Bathrooms
- 10
- Lot Size
- 1.68 acres
- Frontage
- 460 ft
- Heating
- Baseboard heaters
- Cooling
- None
- Waterfront
- Yes
- Property Tax
- $12,607/yr
- Listed
- 104 days ago
Market Timing
Long Listed: 104 days on market, against an average age of 95 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Gravenhurst (Wood (Gravenhurst)) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P1P)
This home lists at $1,938,000, about 26.7× the local median household income of $72,500.
Carrying it typically needs a household income of about $378,559 (20% down, 25-yr amortization, stress-tested) — roughly 422% above the area median.
- Median household income
- $72,500
- Population
- 11,083
- Median age
- 54
- Owner / renter
- 76% / 24%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA P1P)
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$1,938,000
Gravenhurst